Legislative economists project that Colorado will face an additional $40 million shortfall in its General Fund budget for fiscal year 2009-10 due to a continued drop in revenues since their September forecast.
Reducing the high school dropout rate in Colorado has long been a goal of the Bell Policy Center, and we're gratified to see the attention this issue has recently been getting both in our state and nationally.
Four new reports shed light on the dropout problem, and they point the way toward potential approaches to addressing it. And a fifth report quantifies the economic benefits of cutting the dropout rate in half, both for the new graduates and for society.
Gov. Bill Ritter presented his budget for fiscal year 2010-11 to members of the Joint Budget Committee today.
He is requesting a $7.2 billion General Fund budget for fiscal year 2010-2011, which begins on July 1, 2010. This budget closes a $1 billion shortfall between projected General Fund revenues and expenditures and comes on the heels of a $2 billion shortfall in fiscal year 2009-10.
Gov. Bill Ritter presented his plan to balance the fiscal year 2009-10 budget today before a packed house at a meeting of the Joint Budget Committee. The overall plan totals $320 million and includes $261.2 million in cuts to the General Fund, $39.8 million in transfers from cash funds and $19 million in other revenues and reserve changes.
Today marks a major milestone in the journey toward greater fiscal sanity in Colorado. This morning, Gov. Bill Ritter signed SB 228, one of the most important pieces of legislation of his term in office.
Baker, RobinJones, RichMcGregor, HeatherNicholson, IsabelWaterous, Frank
New report examines Colorado's fiscal prospects after Referendum C; Two recent studies examine fiscal, economic effects of immigration; Message from summit: It's everyone's business to cut state's dropout rate; Individual health mandates could work; Experts find holes in Federal Reserve report on payday lending; Guaranteed retirement accounts offer rescue plan for failing system; Two Bell staffers move on to new opportunities
The Bell reviewed existing research on labor management partnerships and studied results from partnerships used by public and private sector organizations. Labor management partnerships are formal agreements that allow employees and managers to negotiate over issues of mutual concern. The issue brief finds that overall, partnerships have been positive. The brief also identifies the optimum conditions that will help such partnerships succeed in Colorado.
The Bell Policy Center released a new issue brief today, ???Labor management partnerships: Research from the public and private sectors,??? to help inform the debate on Gov. Bill Ritter???s recent order allowing executive branch workers to form such partnerships.